Green light for Mumbai OCT...

Indira Container Terminal Pvt Ltd (ICT), a joint venture between Spain’s Dragados SPL and the local Gammon Group, has been given the go-ahead by Mumbai Port Trust (MbPT) to start construction of an offshore container terminal (OCT) at the Indian west coast port.

As reported in the January 2007 issue of WorldCargo News (p1), the Dragados/ Gammon consortium was the highest bidder for the two-berth terminal, which will be developed on a 30-year build, operate, transfer (BOT) basis at an estimated cost of Rs12.28B (US$312.22M). The facility is scheduled for completion at the end of 2010 and will have an annual handling capacity of 1.2M TEU....

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This complete item is approximately 400 words in length, and appeared in the December 2007 issue of WorldCargo News, on page 7.

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